Elon Musk Elevates Tesla's Little-Known Fixer to Steer Past Drama

Maggie Cunningham |Tuesday, September 11, 2018

Data sources GoodCarBadCar InsideEVs

"Elon Musk's email to employees indicated Q3 would be 'the most awesome quarter in our history, ' VIN registrations and the BloombergModel 3 tracker seem to imply production is on track, and insideEVs reported the company sold approximately 23k vehicles in August".

Tesla shares were under pressure last week, sliding 13% amid some senior personnel changes and a controversial interview.

"Since I joined Tesla on August 6th, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations", Morton said. Tesla isn't explaining for now, other than to say it streamlines the production line to some extent. The bonds traded for just 84 cents on the dollar, down from 98 cents a year ago. Baird published a bullish note on Monday, recommending traders continue to "buy even with drama".

Red lights are flashing on Wall Street about Tesla's ability to pay back a pile of debt. The Tesla stock price has been all over the map these past few months, mimicking investors' opinions on Musk and the direction he's taking the company. The stock, however is a little higher in out-of-hours activity.

A Tesla spokesperson referred to previous comments in which Musk said Tesla expects to turn a profit in the third and fourth quarters.

"However, it is unclear to us that any of these are deal breakers for the stock", he said.

The Tesla logo is seen at the entrance to Tesla Motors' new showroom in Manhattan's Meatpacking District in New York City, US, December 14, 2017. "The company appears to remain on track to meet its Model 3 production guidance".

Kallo said improving margins and increasing Model 3 production, more information about additional factories, possible introduction of future products, and "ramp of the gigafactory and additional Tesla Energy project announcements" should propel Tesla's stock. Kevin, who has worked for Tesla for six years, will be responsible for "Human Resources, Facilities, Construction, and Infrastructure Development".

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